Implicit Costs Can Be Defined as

question 100

Multiple Choice

Implicit costs can be defined as

• A)accounting profit minus explicit cost.
• B)the non-monetary opportunity cost of using the firm's own resources.
• C)the deferred cost of production.
• D)total cost minus fixed costs.

---

Definitions:

Body Temperature

The measure of the body's ability to generate and get rid of heat, crucial for the body's proper functioning and maintaining homeostasis.

Sympathetic Stimulation

Activation of the sympathetic nervous system, leading to responses like increased heart rate and blood pressure.

Toxic Conditions

States of health compromised by the presence of harmful substances in the body, leading to adverse effects.

Tachycardia

An abnormally rapid heart rate, often defined as a heart rate exceeding 100 beats per minute in adults.